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Western Copper Announces Flow-Through Financing

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 27, 2009) -

NOT
FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRES

Western Copper
Corporation ("Western Copper" or the "Company") (TSX:WRN) is pleased to
announce that it has appointed Casimir Capital L.P. to act as its agent (the
"Agent") in connection with a private placement for up to 2,150,000 units of
the Company at C$2.50 per unit for gross proceeds of up to C$5,375,000 (the
"Offering"). Kingsdale Capital Markets Inc. and D & D Securities Company
will also be participating in the Offering as part of the selling group.

Each unit consists of one flow-through
common share of the Company and one common share purchase warrant. Each whole
warrant will be exercisable for one non flow-through common share of the
Company at a price of C$2.60 per common share and will expire three years
following closing. If, commencing on the date that is four months plus one day
following the closing of the Offering, the weighted average trading price of
the Company's common shares on the TSX is at a price equal to or greater than
C$5.00 for twenty consecutive trading days, the Company will have the right to
accelerate the expiry date of warrants by giving thirty days written notice to
the holder.

The Agent will receive a cash commission
equal to 6% of the gross proceeds raised and warrants ("Agent's Warrants")
equal to 4% of the units sold by the Agent. Each Agent's Warrant will be
exercisable for one non flow-through common share of the Company at a price of
C$2.50 per common share and will expire two years following closing. If the
weighted average trading price of the Company's common shares on the TSX is at
a price equal to or greater than C$4.00 for fifteen consecutive trading days,
the Company will have the right to accelerate the expiry date of the Agent's
Warrants by giving thirty days written notice to the Agent.

The
gross proceeds will be used to incur qualifying Canadian Exploration Expenses,
primarily at the Company's world class Casino project, located in the Yukon.

The Offering is expected to close on or
before December 4, 2009 and it is subject to certain conditions including, but
not limited to, the receipt of all the necessary regulatory approvals including
the approval of the TSX.

In accordance with securities legislation
currently in effect, the flow-through shares, warrants, any common shares
issued on exercise of the warrants, and Agent's Warrants will be subject to a
hold period of four month plus one day extending from the closing date of the
transaction.

This news release does not constitute an
offer to sell or solicitation of an offer to sell any of the securities in the
United States. The securities described herein have not been and may never be
registered under the United States Securities Act of 1993, as amended (the
"U.S. Securities Act") or any state securities laws and may not be offered or
sold in the United States or to U.S. Persons unless registered under the U.S.
Securities Act and applicable securities law or unless an exemption from
registration is available.

ABOUT WESTERN COPPER CORPORATION

Western
Copper is a Vancouver based exploration and development company with
significant gold, copper and molybdenum resources and reserves. The Company has
100% ownership of four Canadian properties. The two most advanced projects are
the Carmacks Copper Project and the Casino Project both located in the Yukon
Territory. The Casino Project is one of the world's largest open-pittable
copper deposits. For more information, visit www.westerncoppercorp.com.

On
behalf of the board,

F.
Dale Corman, President & CEO

This press release includes certain
"Forward-Looking Statements" within the meaning of section 21E of the
United States Securities Exchange Act of 1934, as amended. All statements, other
than statements of historical fact, included herein, including without
limitation, statements regarding potential mineralization and reserves,
financing plans, exploration results and future plans and objectives of Western
Copper are forward-looking statements that involve various risks and
uncertainties. There can be no assurance that such statements will prove to be
accurate and actual results and future events could differ materially from
those anticipated in such statements.

The TSX Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this news release.